Melbourne Business School, Australia

Melbourne Business School (MBS) is rated number one in Australia’s business school by The Economics 2021. The University of Melbourne and the business community jointly hold it. 

Melbourne, which the Economist Intelligence Unit rated as the Most Liveable City in the world, is home to two MBS centers: Centre for Sustainability and Business & Centre for Business Analytics. Apart from offering an MBA, this school also offers a business analytics degree, besides short courses and tailored solutions for organizations.

People command about AUD110,000 as a starting salary fewer than three months after passing out. Its tuition fee ranges from AUD77,000 to AUD89,500. MBS offers financial aid to foreign students via scholarships – Excellence and Dean’s International Management Scholarships.

The objective of MBS, which is recognized by the Association to Advance Collegiate Schools of Business (AACSB) and the European Foundation for Management Development (EFMD) (EQUIS), is to prepare leaders for the long-term future by providing practical experience through several MBA relevant jobs in the Land Down Under.

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Melbourne Business School Ratings

Other noteworthy rankings received by the MBS include:

• The 2021’s 20 in World University Rankings for Masters In Business Analytics 
• QS World Rankings 2021- Asia Pacific’s Eighth Rankings in EMBA  
• Global 2021 QS Ranking 34 in EMBA  
• Financial Times 2021’s Ranking 87 for MBA globally  
• The Economist’s Ranking 24 for ‘Which MBA?’ 

Highlights

University Type	Private
Establishment	1963
Programs Offered	MBA, Masters in Business Analytics, Short Courses, Doctoral Degrees
Scores accepted	GMAT, IELTS, TOEFL
Mode of Study	Part-Time, Full Time, Executive, Senior Executive, Online
Academic Calendar	Semester Based
Tuition Fee (AUD)	56,000-90,000
Financial Aid	Scholarships Available

Melbourne Business Bchool MBA​ Courses:

The popular courses of MBS include MBA, Business Analytics, Management, International Business, and eight doctoral research degrees.

• The school’s MBA program offers several specializations such as Managerial Economics, Data Analysis, Financial Accounting, Managerial Ethics, and Business Environment, Marketing, Operations and Business Strategy, Finance, etc. 
• Melbourne Business School offers short courses such as three management programs, two change programs, 12 leadership programs, four strategy programs, and one finance and one human resource program.
• Moreover, a dual degree is offered in MBA and Marketing. 

Course	Fee (USD)
MBA	34,010
Master Business Analytics	41,800
Master Analytics Management	42,350
Master of Commerce [M.Com] Marketing	34,826
Master of Management [M.Mgmt]	31,618

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Melbourne Business School Accommodation​ (Campus)

MBS has three schools, one each in Sydney, Melbourne, and Malaysia. The main campus is, however, located in Carlton, a suburb of Melbourne, with an administrative building and its main office.

It also houses two research centers in the Asia-Pacific Centre for Social Impact (APSIC) and the Centre for Business Analytics (CBA), more than 200 student clubs and associations for its students at the University of Melbourne, and a devoted to it is the Giblin Eunson Library.

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Melbourne Business School

Six university accommodations, eleven residential colleges, and for foreign students, there is one residence hall outside the residential colleges. The students can also stay in other facilities in Australia.

• The facilities of MBS include Wi-Fi, gym facilities, a 24-hour computer room, study rooms, TVs, game rooms, lounges, a cafe, laundry, music practice room, common rooms, courtyards, communal kitchens, vending machines, rooftop gardens, and bike storage.
• Furniture in the rooms: wardrobe, desk and desk chair, a bed, lockable cupboard, fan, a full-length mirror, and vacuum cleaner.
• For differently-abled MBS students, rooms are accessible in certain accommodations at the University of Melbourne.

Application Process for Melbourne Business School

MBS offers full-time MBAs that are globally recognized, in addition to other business-related courses. 

Application Portal: University of Melbourne online application

Application Fee: AUD100

Admission Conditions

• A bachelor’s degree or its equivalent
• Two Letters of Reference (LORs)
• Research Proposition (for graduate research scholars)
• Two years of experience (if necessary)
• GMAT/GRE (more than 750)
• Interview (if needed)
• Résumé
• Personal account
• Program-specific needs.
• Supporting Documents: A copy of passport, health certificate, bank statements,

English language test needs

• IELTS: 7.0
• TOEFL IBT: 102

Melbourne Business School MBA Fees

Foreign students need to plot their finances before joining the university. These include tuition fees, rent for accommodation, and other living expenses. The average residing costs in Australia for foreign students:

Facilities	Expected amounts (in AUD)
Tuition fees	56,000-90,00
Accommodation	20,000-40,000
Health insurance	1,500
Food & groceries	4,300-8,000
Bills (water, electricity, gas, internet)	65–85
Telephone	20–25
Travel	45
Recreational	60–100
Others	1,100

Melbourne Business School Scholarships and Financial Aid

MBS has invested up to AUD2.8 million towards financial assistance for students. More than 1,200 scholarships and awards are offered to foreign students. MBS offers several scholarships, including:

Scholarship Name	Amount (AUD)	Programs
MBS Scholarships	Fluctuates	All Programs
Clemenger BBDO Scholarship	50,000	All Programs
Kraft Heinz Scholarship	5 x 12,000	Full-time MBA, Master of Marketing, Part-time MBA
BP Australia Scholarship in Business Analytics	2 x 25,000	Master of Business Analytics
Dean’s International Management Scholarship	Full tuition	Full-time MBA, Master of Marketing
Diversity Excellence Scholarships	50,000	Full-time MBA, Master of Marketing
Reid Malley Foundation Scholarship	25,000	Full-time MBA, Master of Marketing
Helen Macpherson Smith Fellowship	30,000	Full-time MBA, Master of Marketing, Part-time MBA
Dean’s Scholarship for Women and Management	50,000	Senior Executive MBA
SEMBA Class of 2003 Scholarship	50,000	All Programs
Wandering Warriors Scholarship	Full tuition	Part-time MBA, Full-time MBA

Foreign students are eligible to apply in Australia for external scholarships and loans to pursue studies, including:

• Endeavour Postgraduate Scholarship Awards: Sponsored by the Australian government, this award is given to foreign students to engage in research studies and doctorates in Australia. The award covers tuition, monthly stipend, travel insurance, allowance, etc.
• Queen Elizabeth Commonwealth Scholarships: Scholarships awarded to foreign students belonging to Commonwealth nations to take up a master’s degree, they are nine. They take your tuition, travel, and accommodation.

Melbourne Business School Alumni

MBS has alumni of more than 10,000 worldwide. Benefits for alumni include:

• Career progression helps.
• Subsidized public memberships at libraries of the university.
• Complete access to the journal services of the university.
• 10% discount on programs offered at the Confucius Institute
• 5% discount on Melbourne Dental Clinic’s total bill

Notable Alumni at Melbourne Business School

• Margaret Jackson –Australian executive
• Ahmed Fahour –Australian Business magnate
• Bill Shorten –Member of Parliament of Australia
• Roman Quaedvlieg – Australian Border Force’s Commissioner  

Placements of Melbourne Business School

As the education quality at MBS is high, you can get placed in good firms. MBS’s Careers Management Centre has allied with prominent companies and top-ranked firms to offer a personal effectiveness program to develop soft skills among students.

• Renowned employers who provide job opportunities for foreign students in Australia include Aconex, Air Force, Bain and Company, Commonwealth Bank, Deloitte, Jetstar, KraftHeinz, L’Oreal, Uber Eats, etc.
• The institute arranges recruitment events regularly, CEO classroom visits, industrial internships, and class subjects that link students with the senior captains and managers of some of the top companies in Australia.
• As per a study, graduates of MBS Executive Management and Change make AUD175,000 per year. Average income-by degree for alumni of MBS:

Course	Average Salary (AUD)
LLM	215,000
MBA	175,000
Masters in Finance	155,000
BBA	120,000
Bachelor of Science	110,000

Melbourne Business School, Australia’s second-largest city, is the country’s business education hub. The school offers admission to the best MBA courses and other management and analytics courses. MBS admits and supports applicants worldwide by means of scholarships, loans, and grants.

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